Multiple criteria buying and selling model

Abstract

A system and method for aggregating demand is provided. At least one seller may sponsor a deal room to aggregate selling goods / services from a plurality of buyers. The demand aggregation system can include a dashboard for allowing the at least one seller to set up DealRooms, price curves, offers, products, customers, and / or customer groups, for example. The dashboard can include a plurality of wizards for configuring such information. The demand aggregation system can also include seller displays for notifying buyers of changes in prices relative to ship dates and times of order. The demand aggregation system can also include a predictive modeling and reporting function. An algorithm is employed to utilize product information to post a probability chart on a product price point.

Description

RELATED APPLICATIONS[0001]This application is a continuation of U.S. patent application Ser. No. 12 / 710,095 filed on Feb. 22, 2010 and entitled MULTIPLE CRITERIA BUYING AND SELLING MODEL, which is a continuation of U.S. Pat. No. 7,693,748 filed on Jan. 24, 2003 and entitled MULTIPLE CRITERIA BUYING AND SELLING MODEL, which is: a continuation-in-part of U.S. patent application Ser. No. 09 / 324,391, entitled E-COMMERCE VOLUME PRICING filed on Jun. 3, 1999, which claims priority to U.S. patent application Ser. No. 60 / 133,769, filed May 12, 1999, and entitled E-COMMERCE VOLUME PRICING; a continuation-in-part of co-pending U.S. Pat. No. 7,818,212, entitled MULTIPLE CRITERIA BUYING AND SELLING MODEL filed Oct. 22, 1999; a continuation-in-part of co-pending P.C.T. Patent Application Serial No. PCT / US00 / 11989, filed May 3, 2000, and entitled MULTIPLE CRITERIA BUYING AND SELLING MODEL, AND SYSTEM FOR MANAGING OPEN OFFER SHEETS, which claims priority to: U.S. patent application Ser. No. 60 / 137...

AI Technical Summary

Benefits of technology

[0006]A demand aggregation system is structured to provide incentive for buyers to work together when purchasing products. By working together, buyers are able to take advantage of lower pricing due to quantity discounts. To facilitate buying and selling products using the volume pricing methodology, an electronic forum is provided whereby buyers and sellers are able to conveniently exchange information and order products.

Problems solved by technology

Although the fixed price per unit system provides a simple way for a seller to conduct business with multiple buyers, one drawback of this buying scheme is that it fails to provide buyers with a choice between a variety of different buying criteria that may be just as important as or more important to the buyer than price.

While the buyer-driven bidding scheme provides advantages for certain types of transactions when, for example, sellers may be willing to sell products at lower than normal prices, the uncertainties involved with whether a buyer's offer will be accepted is often problematic for high volume commercial transactions in which the reliability that a transaction will be complete is of paramount importance.

Another problem with the present buying schemes is that the buyers have no control in determining the criteria of the product or services that they may receive, while the seller has no control of the type of purchase that the buyer's request.

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